Our Risk Management department noted that we’ve recently heard from some of our business customers about an uptick in a very common business email compromise – when a hacker gains access to an email account and begins to send emails pretending to be the true email owner. Hackers often attach malicious content to the emails […]
Equifax Breach Settlement Information
You may remember that two years ago on July 29, 2017, one of the three top credit reporting companies was the victim of a major data breach. Equifax announced that the personal and financial information of approximately 148 million Americans had likely been compromised. Sensitive information included in the compromise included names, birthdates, addresses, credit […]
Capital One Data Breach Information
What happened? It is all too timely in light of the recent settlement talks of the 2017 Equifax breach, that it was disclosed this morning that Capital One has suffered a data breach. Between March 22nd and 23rd, 2019, a software engineer was able to access information to more than 100 million Capital One customers […]
Beware of Credential Stuffing
This spring and summer, our Risk Management team noted that our area seems to be seeing an uptick in credential stuffing, a type of cyber attack. While hackers have not been able to use this attack to access accounts at the Bank, we wanted to alert you to this increased risk against all of your […]
Increasing Instances of Stolen Debit Cards Used in Digital Payment Fraud
There has been a significant rise in fictitious Zelle charges debiting consumer accounts in recent weeks. Fraudsters are using stolen debit card information to send instant payments to fictitious accounts. With the stolen card data, fraudsters are able to enroll in Zelle, a popular digital payments network and mobile app similar to Venmo and PayPal. […]
Latest Email Phishing Scam Targets Office 365 Users
A recent phishing scam is targeting businesses and consumers who use Office 365 email services. Fraudsters are gaining access to Office 365 accounts by stealing login credentials obtained using convincing fake login screens. Fraudster email attacks are becoming increasingly sophisticated – often appearing to be sent from a business, organization, or individual the victim normally emails […]
Beware of Timeshare Resale Scams
We’ve been seeing an increase in reports of timeshare resale scams impacting area residents. Timeshare resale scams often begin when a phony vacation property company reaches out to a timeshare owner claiming to have guaranteed buyers and promising hefty returns for their timeshare. The company stresses that they must move quickly and be willing to […]
IRS Lowers 2018 Family Health Savings Account Contribution Limit to $6850
The Internal Revenue Service (IRS) has announced a reduced Health Savings Account (HSA) contribution rate for families with High Deductible Health Plans (HDHPs). The 2018 maximum family contribution rate will be $6850 instead of the $6900 limit that had previously been announced. The maximum self contribution for 2018 will remain $3450. The IRS has cited recent tax changes […]
Rising Incidents of Online Dating Scams
An increasing number of consumers are being targeted in new and sophisticated scams involving online dating. In such instances, unsuspecting victims are being forced into sending money- sometimes thousands of dollars – to criminals through PayPal or other well-known online payment services. In our area, there have been reports of victims having long-term conversations with […]
Increasing Occurrences of Social Media Fraud
There has been an increase in fraud involving social media, such as Facebook, in our local area. After a victim is friended by a scammer, the scammer goes out of his/her way to establish a friendship that the victim deems as legitimate. A lot of times, the scammer will take advantage of the good-naturedness of […]